I had the same problem and stewan's post above helped me figure it out.
There is a config.xml file in C:\Program Files (x86)\Steam\steamapps\common\The Divinity Engine 2\DefEd\Config
that has the line:
<DataPath>C:\Program Files (x86)\Steam\steamapps\common\Divinity Original Sin 2\Data\</DataPath>
Change that to:
<DataPath>C:\Program Files (x86)\Steam\steamapps\common\Divinity Original Sin 2\DefEd\Data\</DataPath>
(modify for your drive/folder location)
And you should be able to start the Definitive Edition version!